TrueUSD current price is $1.000.

true-usd TrueUSD (TUSD)

-0.29% (24H)
Market CapVolumeAvailable Supply
$293,917,079.00$77,218,876.00293,797,281 TUSD

TrueUSD current price is $1.000 with a marketcap of $293,917,079.00. Its price is -0.29% down in last 24 hours.
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TrueUSD provides its token holders regular attestations of escrowed balances, full collateral, and also the legal protection against misappropriating underlying USD. The team believes that TrueUSD will be able to come up with the stable trading instrument for the traders of cryptocurrency that has been long-awaited. This will allow the businesses and consumers to use the digital currency as a medium of an exchange. The goal of the TrueUSD team was to build a coin that is stable and which can be used and trusted by them too. TrustToken is a platform that creates the tokens backed by assets that can easily be purchased and sold all around the world. The first asset token of TrustToken is TrueUSD, which is a stable coin and can be redeemed 1-for-1 for US dollars. TrustToken have partnered with registered fiduciaries and banks for holding the funds securely backed by TrueUSD tokens. To increase the amount of security, fiduciaries, and banks directly handle all the funds. Escrowed funds do not give access to the TrueUSD system. TrueUSD works with various trust companies which already manage around billions of dollars. Just pass an AML/KYC check, send USD to a trust company with an agreement of escrow. When the funds get verified, their API tells the smart contract of TUSD to mint an equal amount of TUSD to your public Ethereum address. The USD funds are regularly verified in scheduled attestations by a very much trusted auditing firm. USD funds are kept safely in a third party account, that is escrow accounts, wherein TrustToken does not hold any direct access to the funds and cannot abscond with them even if they wish to. The token burning and minting system makes sure that every TUSD token is backed by 1 USD. A mandatory check of AML/KYC makes sure that TUSD keeps shady people away from the entire project. TUSD makes faster transactions in low transaction fees. Even though TUSD is a unique offering, it is most likely overshadowed by its bigger competitors - Tether. While TUSD arguably offers more security and features, it may be losing the marketing battle. This is not to say that the situation will remain the same. With more crypto investors joining the market every day, the good times for TUSD may be on their way.

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TrueFi mentioned on the @APompliano podcast by design leader & @TrustToken investor @DanielScrivner:

Good feedback: "solid launch, but still confusing. How do $TRU holders assess creditworthiness of borrowers/loans?"

How to make TrueFi more like @Apple?

🔥 Total #TrueFi Burned to Date: 5,253,710.89 🔥

@Trusttoken is only 1/2 through the committed token burn timeline: 3 months more of burning/reinvesting $TRU farmed by TrustToken Inc.

Close-to-Live feed of completed $TRU burns:

The replay of @psaintdonat's conversation with @TrustToken CEO @RafaelCosman is out!

Tune in hear about:

- @TrustToken's push into uncollateralized lending
- How they are thinking about credit scores
- The importance of listening to your customers

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